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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Noida > Akriti Shantiniketan, Sector 143, Noida
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Old May 14 2012, 06:01 PM   #11
 
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being a new builder rates seems high

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Old May 14 2012, 06:02 PM   #12
 
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is this 4500/- includes everything
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Old May 14 2012, 06:06 PM   #13
 
 
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Quote:
Originally Posted by GauravMarwah View Post
is this 4500/- includes everything
I checked specification nothing extra ordinary.
no 1 bhk and 2 BHK and small size flats that may be positive for this project.
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Old May 14 2012, 08:31 PM   #14
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Details of the Builder and Project -

Had a word with Shantiniketan guys. They are first time builder with no track record at all. Basically this is part of an IAS lobby which has purchased 3.5 acres of land from Sikka on FSI basis.

Pros -

Only 330-340 flats to be built on 3.5 acres so density is low compared to other projects.
They already have 220 flats committed to this lobby so only 110-120 flats open for other end users/investors
Transfers can only happen after 60 percent payment, end users centric
Location is very good ,has a very good view of the expressway
No brokers involved

Cons -

No track record of the group
They have not employed any contractors, trying to handle everything on there on (in terms of building,construction,machinery etc)
Pricing is on the higher side
They are getting the project bankable through PSU banks, although there is nothing wrong with it, hassles related to getting a home loan processed through PSU banks would be a negative (although they mentioned that they might also explore HDFC /LIC HF

Overall my take is that they have missed a very serious entry point that is pricing for end users/investors to invest in the project as they lack any track record of delivering any project historically. One thing that might have attracted me to this project is pricing which is steep for Sector -143 right now
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Old May 14 2012, 08:47 PM   #15
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Quote:
Originally Posted by abhitmkhar View Post
Details of the Builder and Project -

Had a word with Shantiniketan guys. They are first time builder with no track record at all. Basically this is part of an IAS lobby which has purchased 3.5 acres of land from Sikka on FSI basis.

Pros -

Only 330-340 flats to be built on 3.5 acres so density is low compared to other projects.
They already have 220 flats committed to this lobby so only 110-120 flats open for other end users/investors
Transfers can only happen after 60 percent payment, end users centric
Location is very good ,has a very good view of the expressway
No brokers involved

Cons -

No track record of the group
They have not employed any contractors, trying to handle everything on there on (in terms of building,construction,machinery etc)
Pricing is on the higher side
They are getting the project bankable through PSU banks, although there is nothing wrong with it, hassles related to getting a home loan processed through PSU banks would be a negative (although they mentioned that they might also explore HDFC /LIC HF

Overall my take is that they have missed a very serious entry point that is pricing for end users/investors to invest in the project as they lack any track record of delivering any project historically. One thing that might have attracted me to this project is pricing which is steep for Sector -143 right now


which IAS lobby you are referring here?
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Old May 14 2012, 09:05 PM   #16
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How many IAS lobbies are you aware of ? I don think they have any names . ???

This is what has been communicated to me by Shanti Niketan guys. Pls read my post carefully.Not my version. I have clearly written that they have zero track record completely unknown.

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Originally Posted by mehrotra_kk View Post
which IAS lobby you are referring here?
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Old May 14 2012, 09:10 PM   #17
 
 
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Quote:
Originally Posted by abhitmkhar View Post
Details of the Builder and Project -

Had a word with Shantiniketan guys. They are first time builder with no track record at all. Basically this is part of an IAS lobby which has purchased 3.5 acres of land from Sikka on FSI basis.

Pros -

Only 330-340 flats to be built on 3.5 acres so density is low compared to other projects.
They already have 220 flats committed to this lobby so only 110-120 flats open for other end users/investors
Transfers can only happen after 60 percent payment, end users centric
Location is very good ,has a very good view of the expressway
No brokers involved

Cons -

No track record of the group
They have not employed any contractors, trying to handle everything on there on (in terms of building,construction,machinery etc)
Pricing is on the higher side
They are getting the project bankable through PSU banks, although there is nothing wrong with it, hassles related to getting a home loan processed through PSU banks would be a negative (although they mentioned that they might also explore HDFC /LIC HF

Overall my take is that they have missed a very serious entry point that is pricing for end users/investors to invest in the project as they lack any track record of delivering any project historically. One thing that might have attracted me to this project is pricing which is steep for Sector -143 right now
when more than 70 percent of the flats is already reserved,why would they think much about others and investors?
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Old May 14 2012, 09:12 PM   #18
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Quote:
Originally Posted by abhitmkhar View Post
How many IAS lobbies are you aware of ? I don think they have any names . ???

This is what has been communicated to me by Shanti Niketan guys. Pls read my post carefully.Not my version. I have clearly written that they have zero track record completely unknown.
bhai naraj kyon ho rahe ho muje laga shayad aapko pata ho -- there is atleast one famous i know who sstarted the sanskriti school in delhi. Thx for the info
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Old May 14 2012, 09:15 PM   #19
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That is what they are doing....
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Old May 14 2012, 09:16 PM   #20
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Naaraz nahin ho raha hoon...was just passing on the facts to you..nothing personal

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Originally Posted by mehrotra_kk View Post
bhai naraj kyon ho rahe ho muje laga shayad aapko pata ho -- there is atleast one famous i know who sstarted the sanskriti school in delhi. Thx for the info
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